Related to Stop Loss Trigger

Stop Loss Event means the event defined in §4(4).
Stop Loss expects to close a previously opened position at a quote less profitable for the Client, than the current quote at the moment of an order placement;
Cumulative Loss Trigger Event With respect to any Distribution Date, a Cumulative Loss Trigger Event exists if the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by (y) the Cut-off Date Pool Principal Balance exceeds the applicable cumulative loss percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage ------------------------------ --------------------------------------------------------- July 2008 through June 2009 1.400% for the first month, plus an additional 1/12th of 1.750% for each month thereafter (e.g., 2.275% in January 2009) July 2009 through June 2010 3.150% for the first month, plus an additional 1/12th of 1.750% for each month thereafter (e.g., 4.025% in January 2010) July 2010 through June 2011 4.900% for the first month, plus an additional 1/12th of 1.400% for each month thereafter (e.g., 5.600% in January 2011) July 2011 through June 2012 6.300% for the first month, plus an additional 1/12th of 0.750% for each month thereafter (e.g., 6.675% in January 2012) July 2012 and thereafter 7.050%
Shared Loss Payment Trigger means when the sum of the Cumulative Loss Amount under this Single Family Shared-Loss Agreement and the Shared-Loss Amount under the Commercial and Other Assets Shared-Loss Agreement, exceeds the First Loss Tranche. If the First Loss Tranche is zero or a negative number, the Shared Loss Payment Trigger shall be deemed to have been reached upon Bank Closing.
Ratings Trigger Event has the meaning set forth in Section 3.14 of the Sale and Servicing Agreement.

Stop Loss Trigger definition

Related to Stop Loss Trigger